Section 54EC exempts capital gains of up to Rs 50 lakhs arising from the transfer of long term capital assets. This exemption is presently available for long term capital gains arising only from the transfer of land or building or both

The expectations for some radical or path breaking policy announcements are dim, largely because it is to be a vote-on-account budget. On healthcare, major concerns revolved around Goods and Services Tax.

While previous governments have avoided introducing major changes in an Interim Budget, the regime at the Centre has often used this opportunity to woo voters and outline its economic policy vision for the next five years should India vote to keep it in power.